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January 30, 2014

Harold's New Adventure; Investing in Global Markets: February Investment Advisor--Slideshow

Harold Evensky needs no introduction. He graces the cover of our February issue and shares with us his thoughts on the direction the industry is going with the next generation of advisors, and what the industry needs to succeed.

February is also our global issue. For this month’s Overlooked Manager, we talked to Stephen Peak at Henderson Global Investors about Europe’s recovery and the European Focus Fund. Savita Iyer-Ahrestani talks to experts about where they’re putting their money outside the United States.

Like the Biblical Joseph, Harold Evensky has worn a coat of many colors over the “billion years” that he likes to say he’s been in this business. He’s an advisory firm owner. He’s an investment researcher. He’s an academic. He’s a leader of the profession by words and deeds and through the bully pulpit he’s built as a source and mentor to journalists.

He’s a conscience of the profession. He’s a staunch proponent of the fiduciary standard for all advice givers. He’s a believer in the next generation of advisors. He was an early adopter of the fee-only business model. He’s figured out a succession plan for the advisory firm that bears his name and his partner’s in business and life. Yet he remains a questioner not only of the conventional wisdom of advisors but of his own opinions as well. Never will Harold Evensky, in the words of John F. Kennedy, “enjoy the comfort of opinion without the discomfort of thought.”

Editor-in-Chief Jamie Green talks to Evensky to capture his thoughts on the direction the industry is going with the next generation of advisors, and what the industry needs to succeed.

“Broadly speaking, we think Europe is past the worst.” That’s reassuring news for investors interested in European equities. While there are still caveats that advisors should keep in mind, Stephen Peak, director of international equities for Henderson Global Investors and manager of the European Focus Fund (HFEAX), is optimistic about the region overall.

Managing Editor Danielle Andrus talks to Peak for more on European recovery, where to invest and what to expect in 2014.

The world has changed for investors, more than most advisors might realize. Despite everything that has occurred to markets and the economy over the past 10 years, the world economy has gotten much, much bigger. The reasons for that are the “tectonic shifts,” as Doug Coté, chief market strategist at ING U.S. Investment Management, likes to call the forces that have been driving the global economy over the past few years. Those forces include the widespread penetration of technology; the rise in global manufacturing; the importance of the global consumer; and continued innovations in the energy industry.

Savita Iyer-Ahrestani talks to portfolio managers and industry insiders about where they’re putting their money outside the United States.